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Johannesburg - De Beers Consolidated Mines and the National Union of Mineworkers (Num) on Thursday signed a two-year wage agreement, which ended a 14-day strike at diamond miner's operations in SA.

In terms of the deal, artisans and more skilled employees will receive 8% in wage increases, while entry level employees will get 10%.

The entry level employees constitute less than 10% of the 1 778 employees in the bargaining unit represented by the union.

The new scales will be implemented in August and backdated to May this year when the previous agreement expired.

De Beers said a 2% increase to the stand-by allowance was also agreed to. The agreement would be for a two-year period.

In 2012, wage increases will be at a level determined by the consumer price index plus 2%.

Wayne Smerdon, head of industrial relations at De Beers, said: "The company is pleased that after 14 days away the striking employees will report for duty on Friday. I expect the union, employees and management will have found the experience challenging and we will all have learnt some positive things from what happened."

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